As of today it has payed out 1.023957 BTC it cost me 5.236043 BTC to purchase

simple projecting the past 3 months out for the life of the contract, I will be looking at around a 1.2 BTC loss for this contract(probable more).

With the sneaky, dare I say underhanded, way in which they marketed this product I will certainly never be doing business with them again no matter what BS numbers or products they come up with in the future.

Genesis Mugging update

OK here is the final report hot off the presses on how bad the Mugging was

Purchased 1 year 5TH SHA contract on August-12-2015 for 5.236043 BTC

Last BTC payout (accumulated over several days in order to be over their payout threshold) was on August 11.2016 BTC 0.00001146

Total BTC paid out over the life of the 1 Year 5TH contract 2.09157041 BTC

A loss of 3.40842959 BTC

Its almost like they took a third of the bitcoins i sent them and payed me back with them while keeping the rest as pure profit.
It is clear to me that Genesis Mining people are sleazeball crooks and that you will always loose money with them.

on a side note my Hashflare account purchased May 28,2015 (for the same GH cost ratio as GM) consisting of a lifetime 100gh is still paying out a tiny daily amount currently at 0.00012793 BTC-----**** disclaimer I do not recommend HASHFLARE at all as i suspect they are a ponzi*******

Did you not know of BW.com? It is an alternate to Hashnest. Back in October last year I bought one TH of B11 14 nm hashing for 0.78 bitcoin ($226 at the time) and have received 0.57 bitcoin in mining income worth $325 now so I have made a 44% profit on the investment in dollars. Will take more time to get all the bitcoin back but I don’t mind.

Do you have a public mining address or any proof that you’re mining blocks?

Do you have a relationship with Bitmain or you can offer proof of purchase or your “750 S9s”?

Where is your farm? Pictures would be helpful as well.

Why is there no obvious way to see when you sell out of your “750 S9s”? What if you sell more hashing power than you own? What mechanisms do you have in place to let people know how much they can buy before you run out?

How do people exit their positions other than the contracts expiring at the end of the year?

How can you offer 15% fee for referrals given the margins of the mining industry?